“The presidents of the twelve Federal Reserve Banks have submitted a joint letter responding to the Financial Stability Oversight Council’s proposal on money market mutual fund (MMF) reform. The twelve Reserve Bank presidents support the Council’s efforts to address the structural vulnerabilities of MMFs. They also agree with the Council’s determination that MMFs’ activities and practices could create or increase the risk of liquidity and credit problems spreading through the financial system.”
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Daily Archives: February 12, 2013
Census -Employment History: 2004 and 2008
“These detailed tables and charts from the Survey of Income and Program Participation examine the relationship between years of work experience, job tenure (years at a particular job), work status (full or part-time), presence of gaps in employment of six months or more, age, sex, educational attainment and earnings. The findings show, for example, that… Continue Reading
EPIC Obtains New Documents About FBI Cellphone Tracking Technology
EPIC – “In the fifth interim release of documents in EPIC v. FBI, a Freedom of Information Act lawsuit, the agency has turned over nearly 300 pages about the surveillance technique directed toward users of mobile phones. The documents obtained by EPIC reveal that agents have been using “cell site simulator” technologies, also known as… Continue Reading
Census – 2011 Annual Capital Expenditures
“These statistics, based on the 2007 North American Industry Classification System, estimate business spending in 2011 for new and used structures and equipment at the sector level, as well as three-digit and selected four-digit industries. The estimates provide the private sector, especially the business community, with a relevant, timely and accurate measure of current business… Continue Reading
GAO Report – Defense Business Transformation
Defense Business Transformation – Improvements Made but Additional Steps Needed to Strengthen Strategic Planning and Assess Progress, GAO-13-267, Feb 12, 2013 “DOD spends billions of dollars each year to maintain key business operations intended to support the warfighter. In 2005, GAO identified DOD’s approach to business transformation as high-risk because DOD had not established management… Continue Reading
A new training video on Advanced Searching of GPO's Federal Digital System (FDsys) is now available
“The video focuses on utilizing the FDsys Advanced Search function, using metadata to return precise results, and ways to further improve search results. The video is available on the beta Web site for FDLP.gov and on gpo.gov. Please note options for closed captioning, enlarging the video, and volume control from the menu in the bottom… Continue Reading
Metro Area Near New York City Has Highest Concentration of High-Income Households, Census Bureau Reports
“The Bridgeport-Stamford-Norwalk, Conn., metropolitan area, near New York City, had the highest percentage of households with high income in the nation at 17.9 percent, according to a report released today by the U.S. Census Bureau. At the other end of the spectrum are two metro areas named Danville — in Virginia and Illinois — each… Continue Reading
Pricing and Mitigation of Counterparty Credit Exposures
Pricing and Mitigation of Counterparty Credit Exposures, Agostino Capponi. Purdue University – School of Industrial Engineering. January 31, 2013. Handbook of Systemic Risk, edited by J.-P. Fouque and J.Langsam. Cambridge University Press, 2012 “We analyze the market price of counterparty risk and develop an arbitrage-free pricing valuation framework, inclusive of collateral mitigation. We show that… Continue Reading
Slower State Tax Revenue Growth Is the New Normal
News release: “States tax collections have been growing for nearly three years now, but the recovery in state tax revenues is much slower after the Great Recession than after previous recessions, according to the latest State Revenue Report from the Rockefeller Institute of Government. State tax revenues were up 2.7 percent for the third quarter… Continue Reading
Browse Topics – Your Pathway to Government Information
“Browse Topics is a resource designed to be the pathway to any publicly-accessible, Government information. Maintained by volunteer librarians, Browse Topics helps the public locate data, conduct research, and learn about various government Web sites.” Continue Reading
Growth in Means-Tested Programs and Tax Credits for Low-Income Households
CBO – “The federal government devotes roughly one-sixth of its spending to 10 major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets…As shown in this report and an accompanying infographic, in 2012, federal spending on… Continue Reading
